Local Turkish CRC market still moves sideways

Friday, 08 July 2016 12:34:19 (GMT+3)   |   Istanbul
       

Activity in the local Turkish cold rolled coil (CRC) spot market has been very sluggish in the past week due to the end-of-Ramadan holiday, while Turkish CRC producers’ prices have remained stable week on week at $530-560/mt ex-works, excluding 18 percent VAT, for July production. Meanwhile, the CRC prices of local traders have also remained stable week on week. 
 
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
 

 Product

Price ($/mt)

Eregli

Gebze

0.6 mm CRC

580-610

600-620

0.7-2 mm CRC

550-580

570-590

 
                                                                            
The offers are on ex-warehouse basis, for July delivery, and exclude 18 percent VAT.
 


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